Bestow Life Insurance Review

In this article...
  • Learn what life insurance policies Bestow offers and how the application process works, including the pros and cons of Bestow life insurance products.

Bestow is a start-up life insurance company specializing in term policies. Its unique selling point is its hassle-free application process, and customers can receive a decision in as little as 10 minutes. Below, you can find out what life insurance policies Bestow offers and the advantages and disadvantages of buying Bestow life insurance. 

About Bestow

Bestow was founded in 2016 and uses cutting-edge technology to match customers with term life insurance policies underwritten by the North American Company for Life and Health Insurance. It specializes in streamlined search and application processes to allow applicants to obtain quick quotes. Many policies provide a near-instant decision, so you can begin your coverage on the same day. Bestow's algorithms also enable customers to bypass the need for a medical exam.

What Life Insurance Products Does Bestow Offer?

Bestow sells term life insurance policies and does not currently offer whole life products. Its term policies provide a level, guaranteed death benefit to safeguard your dependents' financial security if you die during the set term. Coverage ends when the term finishes, so your beneficiaries won't receive a death benefit if you outlive your policy. Therefore, term life insurance products like those sold by Bestow are generally more affordable than permanent options. 


Bestow offers policy terms lasting 10, 15, 20, 25, and 30 years. Depending on your product, you may have the option to renew your policy if you still require coverage when the term ends. The length of the term you should choose depends on your financial situation and the age of your dependents. For example, some people choose a term length to coincide with the age when they expect their children to be financially independent. Alternatively, you may select a policy length to end when you intend to pay off your mortgage. 


Bestow considers life insurance customers aged between 18 and 60 years old at the time of application. Instead of a medical exam, Bestow uses health data to assess the risk of insuring you, which could affect how much you pay in premiums. It doesn't offer a guaranteed acceptance option, which means you could be refused coverage if you're deemed high risk.


Bestow term life insurance policies offer coverage between $50,000 and $1.5 million. This coverage range is relatively limited compared to many established life insurance companies. How much coverage you need depends on your monthly budget and how much money your beneficiaries would need if you passed away. For example, you may need a higher coverage amount if you want to ensure that any payout is enough to see your children through college or have a large amount outstanding on your mortgage.

Application Process

You can only apply for Bestow life insurance products online. You'll need to provide identifying information and details about your health and lifestyle. Bestow offers an accelerated underwriting process, which means you'll often receive a decision on your insurability the same day. Once you've chosen your policy, you can select your beneficiaries, choose your policy term and amount and purchase your policy for immediate coverage.

The Pros and Cons of Bestow

The primary advantage of purchasing life insurance through Bestow is the quick and straightforward application process. Although it's a relatively young company, its partners have an excellent and established industry track record. The North American Company for Life and Health Insurance issues all Bestow policies. This company has been issuing insurance products for more than 100 years and has a strong reputation for financial security, backed by an A+ rating from A.M. Best. 

A potential disadvantage of buying through Bestow is its relatively limited coverage range and policy options. While it could be a good option if you want term life insurance, it doesn't offer any permanent policies or add-on riders. 

Bestow Reviews: What Customers Are Saying

Bestow has a 4.6-star rating on Trustpilot, and many customers appreciate the straightforward application process and fast underwriting system. Some customers also say they received a competitive rate and liked the flexibility of selecting their preferred term and coverage amount. However, a few reviewers say that they didn't receive their insurance documents promptly or felt they were unfairly denied coverage.

Is a Bestow Life Insurance Policy Right for You?

A Bestow life insurance policy could be a good option for you if you only need coverage for a set period or need to purchase life insurance on a tight budget. It could also be worth considering purchasing insurance through Bestow if you want to avoid a medical exam or need to set up coverage as quickly as possible. 

However, Bestow is unlikely to be a suitable option if you want a high coverage amount or wish to purchase riders. Customers who need permanent insurance or policies with the potential to build cash value may be better off with a different company.

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